New Chancellor, Kwasi Kwarteng, announced a sweeping package of tax cuts in his mini-budget last week – the biggest the UK has seen in the last half-century. Below we have outlined the main measures. Basic rate income tax is set to reduce from 20% to 19% from 6th April 2023. This is the first cut …

As a mark of respect for Queen Elizabeth II, we will be closing our office on Monday 19th September for the funeral. We will reopen at 9am on Tuesday 20th September

We are saddened by the passing of Her Majesty The Queen who was a much loved and respected figure across the globe. She was inspirational and lived a life dedicated to public service. Our thoughts are with the Royal Family at this difficult time. Once further details of the state funeral have been announced, we …

With the cost of living crisis taking hold and energy/fuel bills increasing significantly, many individuals have been forced to make cut-backs where possible. One such area appears to be pension savings, to help provide more disposable income on a monthly basis. Whilst this may be temporary, and reductions minor, we need to consider the longer-term …

For those with invested pensions, it is crucial to understand exactly how your funds are invested. This can be particularly important as you move closer to retirement, as your plans for accessing benefits will impact the level of investment risk that is suitable. The introduction of Pension Freedoms legislation in 2015 means that you no …

From 6th July 2022, the level at which people start making National Insurance contributions (NICs) rose from £9,880 to £12,570. According to the Treasury, the threshold change means that 70% of UK workers will pay less in NICs, even after accounting for the 1.25% increase through the Health and Social Care Levy which came into …

This year marks Eldon’s twentieth birthday, the big 2-0! You may have seen in the Summer Newsletter that the Eldon team will be celebrating by completing a beautiful (but tough) 20-mile walk around Ullswater on Friday 30th September. Donations that the team receives will be directed into our Charitable Fund with the County Durham Community …

The deadline for registering trusts on the new Trust Registration Service (TRS) of 1st September 2022 is fast approaching and now under 2 months away. As a reminder, the new rules, which were introduced on 6 October 2020, extended the scope of the TRS to UK (and some non-UK) trusts, regardless of whether or not …

With rising inflation, you may have found yourself looking more closely at your household budget, prioritising where your hard-earned income and savings should be spent. Whether you are running a monthly deficit or surplus, budgeting is a crucial tool in understanding exactly where your money is going, helping you ensure it is working in the …

Our Summer Newsletter covers an update on Eldon’s developments together with a range of other articles. I hope you enjoy reading it. If you have any ideas for future articles or any feedback, please feel free to get in touch. Click here to view the newsletter.